The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the "Fear" zone on Tuesday.

U.S. stocks settled mixed on Tuesday, with the Dow Jones index gaining more than 500 points during the session, driven by strong earnings reports and lower oil prices.

The Nasdaq, however, settled lower as the AI-driven sell-off deepened on mounting concerns over rising competition from China.

On the earnings front, The Sherwin-Williams Co.

(NYSE:SHW) shares gained around 8% following better-than-expected second-quarter results.